The stock market closed at a red mark on Monday, the first trading day of the week, due to a fall in shares of financial institutions due to an increase in foreign exchange withdrawals. The Bombay Stock Exchange’s flagship index Sensex closed 393 points, or 0.78 percent, lower at 50395.08. On the other hand, the Nifty on the National Stock Exchange closed 101.45 points or 0.67 percent lower at 14929.50. The BSE 30-share index rose 366.76 points, or 0.7878 percent, in the previous week.
The main reason for the fall in the stock market is FPI P
Foreign portfolio investors (FPIs) raised Rs 1,013 crore from the Indian market this month. FPIs have made profits in Indian markets amid rising bond yields. According to the deposit data, from March 1 to 12, FPIs withdrew Rs 531 crore and Rs 62 crore from the stock market. Thus, his net has been withdrawn, Rs 1,013 crore.
The same was true of older stocks
Speaking of large stocks, shares of JSW Steel, Tech Mahindra, Tata Steel, Hindalco and IndusInd Bank closed at the green mark today. On the other hand, shares of Davis Lab, Bajaj Finzarvel, Gayle, Bajaj Finance, and Hero MotoCorp closed higher.
Ratan Tata had invested in Pritish Nandi Communications
Pritish Nandi Communications said on Monday that prominent industrialist Ratan Tata has invested in the company. However, no details were given about the investment and partnership. “Emeritus Ratan Tata, chairman of Tata Trust and chairman of Tata Sons, bought a stake in Pritish Nandi Communications Limited in a personal capacity during last week’s purchase,” Pritish Nandi Communications said in a regulatory notice. Since then, the share of Pritish Nandi Communications has seen an increase. After opening at 21..65 level it is 9. It rose 9.9 percent to 23.55.
Monitoring of departmental indicators
If we look at the sectoral index, today all sectors except PSU Bank, IT, and Metals are off the red mark. These include Finance Services, FMCG, Auto, Private Bank, Realty, Media, Banks and Pharma.
The market was open as it grew
The Sensex fell 143.14 points (0.28 percent) to 50648.94 in early trade. At the same time, the Nifty opened 31.80 points or 0.21 percent lower at 14,999.20.
The stock market was closed on Friday
The stock market closed at the red mark on Friday. The Sensex was down 487.43 points, or 0.97 percent, at 50792.08. At the same time, the Nifty fell 143.85 points, or 0.95 percent, to 15030.95.